How Can We Avoid Another Solana Wallet Hack
Nearly $4.5 million worth of tokens has been drained from thousands of Solana wallets, including Slope and Phantom. Hardware wallets are not affected.
On August 3, MagicEden officially tweeted that “there seems to be a widespread SOL exploit at play that’s draining wallets throughout the ecosystem”
Then Solana officially replied to this event that “Engineers from multiple ecosystems, with the help of several security firms, are investigating drained wallets on Solana. There is no evidence hardware wallets are impacted.”
The stolen funds have entered these wallet addresses, and the amount of each address is as follows:
·Htp9MGP8Tig923ZFY7Qf2zzbMUmYneFRAhSp7vSg4wxV
·CEzN7mqP9xoxn2HdyW6fjEJ73t7qaX9Rp2zyS6hb3iEu
·5WwBYgQG6BdErM2nNNyUmQXfcUnB68b6kesxBywh1J3n
·GeEccGJ9BEzVbVor1njkBCCiqXJbXVeDHaXDCrBDbmuy
The currently affected wallets are mainly Phantom wallet and Slope wallet.
Phantom has confirmed that the exploits are due to the complications related to importing accounts to and from Slope.
Slope Finance later said they are doing their best to solve and rectify the situation.
What can users and project parties do in terms of wallet security?
Users can usually divide wallets into two categories according to their purposes. The first category is used to store assets, including some large assets. Such assets can be stored in cold wallets to improve security. The second category is used for asset transactions, like Metamask, Burner Wallet, etc.
The wallet project party should also be careful not to upload the user’s private key and mnemonic to the server. Besides, it is necessary to find a professional third-party security company to conduct a professional security audit before the product is launched.
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